debt
confidence high
sentiment positive
materiality 0.65
Fathom Holdings raises $5M via senior secured convertible notes for agent growth
Fathom Holdings Inc.
- Issued $5M aggregate principal to two accredited investors, including chairman Scott Flanders.
- Notes mature Oct 1, 2026; interest = SOFR + 4%, minimum 8%, paid quarterly in cash.
- Conversion price $4.25/share, ~85% premium over Sept 26 closing price.
- Proceeds to accelerate agent and transaction growth; no placement agent fees paid.